No menu items!

Cabo Verde sells 50% of gold reserves in 2022 and receives US$30.6 million in return

In 2022, the Bank of Cabo Verde (BCV) reported the sale of half its gold reserves, which amounted to EUR 27.4 (US$30.6) million .

According to the BCV's annual report, the gold market experienced consistent devaluation from April to October 2022, with gold prices falling to 1,633.56 US dollars per troy ounce.

In 2021, BCV's investment in gold reserves appreciated by 4.69% to EUR 51.6 million, with the volume staying the same at around one ton.

The BCV made its first gold purchase in August 2020, accounting for 6.68% of the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content